Bill Barrett Corporation (NYSE:BBG) Cut to “Strong Sell” at BidaskClub

Bill Barrett Corporation (NYSE:BBG) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $5.00 target price on shares of Bill Barrett Corporation in a report on Wednesday, May 3rd. Barclays PLC reissued an “equal weight” rating and issued a $5.00 price target (down previously from $6.00) on shares of Bill Barrett Corporation in a research note on Saturday, April 22nd. Zacks Investment Research raised Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. FBR & Co decreased their price target on Bill Barrett Corporation from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, May 4th. Finally, KLR Group reissued a “buy” rating and issued a $8.00 price target (up previously from $7.00) on shares of Bill Barrett Corporation in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.85.

Shares of Bill Barrett Corporation (NYSE BBG) opened at 3.22 on Friday. The firm’s market capitalization is $241.12 million. The company has a 50-day moving average price of $3.19 and a 200-day moving average price of $4.23. Bill Barrett Corporation has a 12 month low of $2.75 and a 12 month high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last issued its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The business had revenue of $51.07 million during the quarter, compared to analysts’ expectations of $53.57 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts forecast that Bill Barrett Corporation will post ($0.78) EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Bill Barrett Corporation by 28.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,778,019 shares of the energy company’s stock valued at $12,429,000 after buying an additional 392,211 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Bill Barrett Corporation by 40.6% in the fourth quarter. Teachers Advisors LLC now owns 105,945 shares of the energy company’s stock valued at $741,000 after buying an additional 30,571 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Bill Barrett Corporation by 27.3% in the first quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the energy company’s stock valued at $140,000 after buying an additional 6,600 shares during the last quarter. Malaga Cove Capital LLC raised its stake in shares of Bill Barrett Corporation by 1.8% in the first quarter. Malaga Cove Capital LLC now owns 143,594 shares of the energy company’s stock valued at $646,000 after buying an additional 2,500 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Bill Barrett Corporation by 8.9% in the first quarter. Russell Investments Group Ltd. now owns 735,976 shares of the energy company’s stock valued at $3,348,000 after buying an additional 60,079 shares during the last quarter.

About Bill Barrett Corporation

Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Company’s assets and operations are located in the Rocky Mountain region of the United States. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.

Analyst Recommendations for Bill Barrett Corporation (NYSE:BBG)

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